MongoDB has filed confidentially for IPO, sources tell TechCrunch. The company has submitted an S-1 filing in the past few weeks and is aiming to go public before the end of the year.
New York-based MongoDB helps companies, including Adobe, eBay and Citigroup, manage databases. Some of its offerings include its name-bearing MongoDB open-source database and the Atlas database-as-a-service offering.
The company has raised more than $300 million in equity financing dating back to 2008, including well-known investors like Sequoia Capital, Intel Capital and NEA. Its last round of funding was more than two years ago at a reported $1.6 billion valuation.
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